Is it DISLOYAL of an AMERICAN to BUY CHINESE YUAN?
DOLLARS are about to crash, Chinese YUAN will rise to the top. Why? The Chinese have 1,373,044,605 hard working people over there. That was FEB 2017. Think of it: 1.3 billion. More today. And no pension system so nobody gets Social Security. Instead, the people all work like drones, bank or save their income for their old age. They are frugal, Save like crazy, don't spend, don't buy much. They sure can't afford to buy our stuff. So there's huge trade inequality!
But they will manufacture and SELL STUFF and they are about to have the hybrid car for 7k each. USA is keeping it out but you tell me who rules when in Spring 2009, we owed them 772 BILLION DOLLARS. What's gonna happen when they get green energy patents, cars, electric generators, THE ETERNAL BATTERY, noveau nuclear. ANd Gad knows what ELSE?
They're working furiously at creating their own renewable green ENERGY products and they'll corner the market on those patents, we'll have to pay them to use the stuff. Then, they will corner the marketplace until we raise a tariff or two against them, just like we're blocking their hybrid car. You know that's what we'll do when we REALLY GO BROKE. SO (inhale) BUY YUAN.!!!! This whole process has already started.
BONE UP on all facets of buying yuan, certain problems with it are mentioned ^ in URL ABOVE. Is this just some American economist trying to change the flow of the Mississippi? Create a tipping point in another direction?
Jim Rogers is famous; he retired from Wall Street at the top of his game, moved to Singapore You can trust him on Asian markets.
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